Azerbaijan discloses revenues from operation of its satellites

The total revenues of Azercosmos OJSC, Azerbaijan’s satellite operator, from the operation of Azerspace-1 and Azersky satellites reached $91 million, the company said in a message.

The revenues from the operation of Azerspace-1, Azerbaijan’s first satellite, since its launch into orbit, amounted to $72 million, while the revenues from the operation of Azersky satellite amounted to $19 million.

Azerspace-1 was launched on Feb. 8, 2013. Its service area includes the countries of Europe, Caucasus, Central Asia, Middle East and Africa.

The Azersky satellite was handed over to Azerbaijan in line with an agreement inked Dec. 2, 2014 at the BakuTel exhibition by Azercosmos OJSC and the French Airbus Defence and Space company.